Auston Woods Apartment Homes

5301 Roundstone Way, Charlotte, NC 28216
Call: (888) 478-0065 (704) 597-7192 Email UsAustonWoods028@myLTSMail.com View Map

Opens: Monday-Friday: 9A-6P | Saturday: 10A-5P | Sunday: 1P-5P

$883-$1,200

Apartments Charlotte NC Blog

The Full Story: Renting vs. Buying

Joseph Coupal - Friday, June 04, 2010

While driving in my car the other day, I heard a radio commercial for a really popular home builder in this area.  As someone who has rented an apartment, owned a home, and had a father who constantly taught fiscal responsibility, I tend to see the flip side of any type of new and exciting financial obligation (such as buying a home or car).  This particular commercial touted that you could own a home for just as much as you pay in rent.  This is almost always a misleading statement and I really can’t believe that builders and sometimes realtors can tell people this with a straight face.

Here are three things to consider where renting apartments and buying houses are concerned:

First of all, the monthly mortgage that they typically advertise does not include property taxes and insurance.

Secondly, it does not include HOA fees which can be anywhere between $50 per month to $300 per month, depending on the neighborhood.

Thirdly, and most importantly, the advertised monthly price does not include the yearly maintenance (usually 1% of the home value per year) and decorating costs.

Obviously, you don’t have any of those costs when you are renting an apartment home at our community.   I know that many of you have owned a home and understand the financial responsibility of home ownership.  For those who haven’t, keep this information in mind when listening to one of those commercials!


Auston Woods Apartment Homes

5301 Roundstone Way, Charlotte, NC 28216

Call: 888-478-0065
Email UsAustonWoods028@myLTSMail.com
View Map

Opens: Monday-Friday: 9A-6P | Saturday: 10A-5P | Sunday: 1P-5P

$883-$1,200